3 Holiday Tips for Your Credit Card Safety

When you’re on holiday, taking the credit card along will help you avoid the hassles of carrying cash. But there are many things to be careful about when you’re going to use your card online or abroad to stay safe against any scams or getting charged highly for using the card. Here are some Holiday tips for you to use the card safely.

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How Does The Upcoming Budget Affect You?

Scott Morrison is presenting his first budget and even though he has to make cuts, he also has the tough job of deciding which segment of the population to appease, for elections are near and nobody wants to make the voters angry. Therefore he has delivered a budget which promotes business by cutting the company tax, while at the same time it targets elite earners and takes away all concessions that had been available on the superannuation tax. If a person is from the middle income earners, then they too may rejoice as they have been given a cut in their income tax for the next four years.

Academia gets their just rewards

The budget has bode well for the academia as schools are set  to receive an increase of 11.1% in their funding if they are public and the ones of the private variety are set to get an increase of 7%, both of these are by no means nominal and have been long sought after. Combined these will equate to more than $1.2 billion in hard monies granted to schools.

Young jobseekers get new opportunities

Young job seekers are going to get more opportunities seeing that the government is going to invest more than $751.7 million in its aptly titled “Youth Jobs PaTH” (yes that is not a typo, rather it is an acronym standing for “Prepare” , “Train” and “Hire”). For the young men and women who want to follow their own paths, a sum total of $88.6 million will be invested in programs that encourage and aid young entrepreneurs and allow young people to get self-employment. However on the converse side the work for the dole will be gutted and a sum total of $494.2 million will be removed from the program making it harder to enter the program.

Young entrepreneurs, small business owners get a tax cut

One of the most important aspects of the budget is that government will change the official definition of a “small business”. From 2016 onwards a small business will be one that turns overs up to $10million instead of only $2 million. It is estimated that more than a hundred thousand small business owners, new entrepreneurs and self-employed people will come under this umbrella thereby getting a tax relief that they had been denied before.

Online purchases get hit with gst

With all the tax cuts going around, there will be some tax hikes as well. The hardest hit will be online purchases of under $1000 which were exempted from tax till now, but come July 2017 they will be paying tax as per the rules of GST. According to rough estimates, customers who buy these low value goods will be paying taxes to the amount of more than $3 million over the next three years.






Top Tips to Expedite Your Loan Process

Different steps are there that can be taken for ensuring smooth processing of your loan application. Make sure that your spending is cut down significantly prior to applying for the loan. It doesn’t necessarily mean that you should be frugal all the time, but you should make sure that you draw your foot back from anything unnecessary. To expedite the loan process, make sure that you follow below mentioned tips.

  1. Check credit report prior to applying for the loan

It is necessary for borrowers to get well-versed with all entries present on the credit report prior to even sitting down with a loan broker or consultant. If you have had history of defaulting on payments like your phone bill, the credit history that you may have will be a hindrance for you during your loan process. Any blemishes on the credit report must be corrected first.

  1. Get all necessary documents organized

This thing is pretty obvious. For a swift application approval, it is necessary that you gather all required documents so that it may not hinder your application process. Every loan application needs specific documents to be submitted for processing and if you fail to do so or miss any of the required documents then you will do nothing good to your chances of getting approved. All it will do would be to delay the process.

  1. Have steady history of employment

It is often preferred by the lenders that the applicants should have good employment record or steady history of employment. If the borrower has a habit of changing jobs on a frequent basis then the lender might ask for an explanation as to why he does so. Failing to provide good enough explanation may either get the applicant rejected or it may halt the application process. So, make sure you have steady employment for last year or so to ensure there are no hindrances during the process.

  1. Know what is needed

Usually people misread information that is provided to them through application forms and this leads them to either failing in providing enough documents required for application processing or coming up with wrong documents that are not needed at all. In order to speed up this process of loan application and avoid any kind of hassles, ensure that you know exactly what you are asked to provide and do not miss out on any single thing.